Ho Chi Minh City proposed two options to increase tax collection for houses and land, the second in the draft resolution to replace Resolution 54. Including the content of increasing tax collection for houses and land that the owners do not directly use.
In the new draft resolution to replace Resolution 54 of the National Assembly, which has just been sent by the People’s Committee of Ho Chi Minh City to the Ministry of Planning and Investment, this locality has supplemented and clarified the second proposal for real estate tax collection. 2 options to choose and apply.
In the first option, the city will pilot the collection of taxes on houses and residential land, which people who have land use rights or who own houses do not directly use. The National Assembly Standing Committee will be the body that regulates tax rates, tax rates, calculation methods and application time.
The People’s Committee of Ho Chi Minh City has just proposed a new resolution, replacing Resolution 54 on piloting specific mechanisms and policies for the development of Ho Chi Minh City (Photo: HL).
In the second option, Ho Chi Minh City will apply an increase in the revenue related to the second real estate or more in the area, including the registration fee when buying or receiving the second or more real estate transfer; non-agricultural land use tax and personal income tax from the second or more real estate transfer.
The People’s Council of Ho Chi Minh City will decide to increase the tax rate, the non-agricultural land use tax rate for residential land (not exceeding 5 times the current tax rate) and increase the personal income tax rate from the second real estate transfer. or more (not more than 2 times the current level). The City Council also decided to increase the registration fee rate when buying or receiving the second real estate transfer from 0.5% of the transfer value to 2%, the maximum level of one transfer file from 500 million VND/document to 1 billion VND/document.
The HCMC budget will enjoy 100% of the additional revenue from this amount and is not used to determine the percentage of revenues to be divided between the central budget and the city budget.
In the new proposed groups related to finance and budget, the city proposes to enjoy 30% of the land use levy when selling public assets attached to land owned by agencies, organizations and units. and centrally managed enterprises in the area. At the same time, Ho Chi Minh City also introduced outstanding mechanisms and policies on domestic and foreign re-loaned capital sources for development.
